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Dec 30, 2012
12/12
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. >> superstorm sandy caused damage to new york, new jersey, connecticut and it's up to lawmakers in the house to approve a bill covering the cost of reconstruction. they're working on this while they're working on the fiscal cliff. why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that legislation. it isn't clear yet what the house is going to do. molly henneberg is live in d.c. there's a holdup in the house. what is it? >> the price tag. house republicans say it's too steep. a south carolina republican congressman said he and others want to help the people hurt by sandy but lawmakers need to figure out where the money's going to come from. >> it's not paid for. i know that's a
. >> superstorm sandy caused damage to new york, new jersey, connecticut and it's up to lawmakers in the house to approve a bill covering the cost of reconstruction. they're working on this while they're working on the fiscal cliff. why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in...
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Jan 3, 2013
01/13
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the ironic part, house republicans delayed voting on a superstorm sandy relief bill because it contains too much pork. and specially former clinton, lanny davis, and you know, i've never seen it this dysfunctional. 4 trillion in new debt according to the cbo this bill gives us. you have pork in it, literally 15 four-page bill and the senate has three minutes to read it before they have to vote on it. there's something wrong and broken this is beyond my imagination, i want to get your reaction to it. >> sean, we're in a warld-- sean, we're in a world view war with people who don't believe in america's founding principles and don't believe in the constitution as written and who believe that man is perfectible all of our problems solved through the government and achieve some kind of utopia through a socialistic government and we have a president who is steadfastly addicted to spending who wants to complete the fundamental transformation of america and therefore, no intention of cutting spending and this deal was never about cutting spending and that's why i object to it and proud of certa
the ironic part, house republicans delayed voting on a superstorm sandy relief bill because it contains too much pork. and specially former clinton, lanny davis, and you know, i've never seen it this dysfunctional. 4 trillion in new debt according to the cbo this bill gives us. you have pork in it, literally 15 four-page bill and the senate has three minutes to read it before they have to vote on it. there's something wrong and broken this is beyond my imagination, i want to get your reaction...
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Jan 2, 2013
01/13
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sandy. i'm joined by john yarmouth, a member of the budget committee. congressman, i want to play a little bit more. i was struck by this. i want to play a little bit more of your colleagues reacting to the bill on hurricane sandy relief not being brought up. let's play a little bit more of that. and we'll talk about it. >> i am deeply zpoe lly disappo. speaker. >> to ignore the plight of millions of american citizens, unprecedented, disgusting, unworthy of the leadership of this house. >> absolutely inexcusable, absolutely indefensible. >> i'm usually proud of this house. tonight i am ashamed. shame on you, mr. speaker. >> sort of a rare bit of bipartisanship, there speaker. you had peter king, a republican, eliot dangel there, a democrat. was this a mistake to end the 112th congress on this note? >> well, certainly, i think it would have been much more reasonable to try and pass the relief measure. there was a little bit of technical problem there in that the house was dealing with two sep
sandy. i'm joined by john yarmouth, a member of the budget committee. congressman, i want to play a little bit more. i was struck by this. i want to play a little bit more of your colleagues reacting to the bill on hurricane sandy relief not being brought up. let's play a little bit more of that. and we'll talk about it. >> i am deeply zpoe lly disappo. speaker. >> to ignore the plight of millions of american citizens, unprecedented, disgusting, unworthy of the leadership of this...
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Dec 26, 2012
12/12
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FBC
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superstorm sandy hid the regions of the country where we saw the biggest dropoff in spending in that period between october 28th and dec. 20 fourth. there were some rebounds. shopping came back in the last part of holiday shopping season until christmas eve but it was not sufficient to get back on track to what everyone expected. dennis: thank you. with weaker than expected retail numbers we will be heading into a recession next year. shibani: jim laventhol says in many ways yes, but it won't be a disaster. welcome to the show. you heard what adam said, that the consumer which accounts for 70% of the gdp, spending, they are pulling back and pulled back this year and during holiday shopping season. how close are we to start getting into this talk of getting into recession again? >> we're pretty close by i appreciate your pudding a qualifier that we don't have to go into a panic. there are a couple reasons for that. if you look at the stock market which is mainly where people place risk bets on growing their assets it is arguably fairly priced, somewhere between 13 times and 14 times t
superstorm sandy hid the regions of the country where we saw the biggest dropoff in spending in that period between october 28th and dec. 20 fourth. there were some rebounds. shopping came back in the last part of holiday shopping season until christmas eve but it was not sufficient to get back on track to what everyone expected. dennis: thank you. with weaker than expected retail numbers we will be heading into a recession next year. shibani: jim laventhol says in many ways yes, but it won't...
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Jan 2, 2013
01/13
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CNBC
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sandy aid. that was something that people were looking for. >> this is absolutely indefensible. the fact is every bit of documentation that was required by the leadership of the house was provided by governor cuomo, governor christie, merritt blob, everybody played -- mayor bloomberg, everybody played by the rules except tonight. indefensible. we have a moral obligation. the people are out of their homes, the people who are cold, the people without food, the people who have lost their jobs, they don't have the time to wait. we cannot just walk away from our responsibilities. >> and the senate had passed a $60.4 billion sandy disaster aid bill last week. the current session comes to an end today after the new congress gets sworn in. legislation does not, though, carry over from session to session. so consideration of an aid bill would have to start all over again if nothing is scheduled before then. joe? >> back and forth on this was whether it's direct aid or not, in the house they said that the
sandy aid. that was something that people were looking for. >> this is absolutely indefensible. the fact is every bit of documentation that was required by the leadership of the house was provided by governor cuomo, governor christie, merritt blob, everybody played -- mayor bloomberg, everybody played by the rules except tonight. indefensible. we have a moral obligation. the people are out of their homes, the people who are cold, the people without food, the people who have lost their...
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Dec 30, 2012
12/12
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first 60 billion dollars, that's how much victims of superstorm sandy would receive if the house passes a new aid bill. the senate passed the measure friday, but the republican-controlled house still needs to work to cut it down. and next, 1987, that's the year that rolston elementary in omaha buried their capsule. it was reopened as part of the school's 50th anniversary and found inside, go-bots, and guess jeans and garfield. go-bots were sweet. finally, 12, that's the number of nannies, angelina jolie and broad pitt brought with them on the caribbean vacation, two nannies for each one of their six kids. how do they get by? how do they get anything done? >> that's just-- i love it, good work brangelina. >> and back me up, america, go-bots were the transformers. >> juliet: '87 was a good year. >> clayton: they made us laugh and cry and accomplishments play out in a public arena and this year we bid them a fond farewe>> juliet: while swe say goodbye, we'll never forget them. and here to see us from across the pond. >> hello, good morning to you both. >> juliet: let's start off with the b
first 60 billion dollars, that's how much victims of superstorm sandy would receive if the house passes a new aid bill. the senate passed the measure friday, but the republican-controlled house still needs to work to cut it down. and next, 1987, that's the year that rolston elementary in omaha buried their capsule. it was reopened as part of the school's 50th anniversary and found inside, go-bots, and guess jeans and garfield. go-bots were sweet. finally, 12, that's the number of nannies,...
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Dec 27, 2012
12/12
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CNNW
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and who can forget superstorm sandy. neighborhoods along the northeast swept away, millions without power and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending some money to fix it. >> number five, china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first-time buyers were also able to g
and who can forget superstorm sandy. neighborhoods along the northeast swept away, millions without power and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending some money to fix it. >> number five, china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china. >> china. >> china....
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Dec 26, 2012
12/12
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CNBC
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among the reasons cited for the weaker numbers, superstorm sandy and consumer nervousness about tax hikes due to the fiscal cliff. we've had lots of conversation about whether not fiscal cliff would impact consumer sentiment. and apparently now it's actually hitting people in the wallet. let's talk about what's on the economic agenda today. one very important report to watch, standard and poor's releasing the case schiller index on october home sales at 9:00 eastern. it's a busy week for housing data. tomorrow we're going to be getting the commerce department which releases new home sales for november. then on friday, the national association of realtors, not realtors -- >> yeah. >> releases its spending. its pending home sales index for november. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loans that are held by private
among the reasons cited for the weaker numbers, superstorm sandy and consumer nervousness about tax hikes due to the fiscal cliff. we've had lots of conversation about whether not fiscal cliff would impact consumer sentiment. and apparently now it's actually hitting people in the wallet. let's talk about what's on the economic agenda today. one very important report to watch, standard and poor's releasing the case schiller index on october home sales at 9:00 eastern. it's a busy week for...
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Jan 3, 2013
01/13
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CNBC
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he set a timetable to approve a $60 billion package for superstorm sandy relief. the house will vote on friday for a $9 billion down payment for storm-related support to the national flood insurance program. there will be then a second vote on january 15th on the $51 billion remainder of the sandy disaster aid package that was approved last week in the senate. boehner's announcement coming after fellow republicans loudly criticized the cancellation of an earlier vote. >> this is 66 days and the wait continues. there is only one group to blame for the continued suffering of these innocent victims. the house majority and their speaker, john boehner. new york deserves better than the selfishness we saw on display last night. new jersey deserves better than the duplicity we saw on display last night. america deserves better than just another example of a government that has forgotten who they are there to serve and why. 66 days and counting. shame on you. shame on congress. >> angry new york/new jersey lawmakers say the house delay marks a stark contrast to congressio
he set a timetable to approve a $60 billion package for superstorm sandy relief. the house will vote on friday for a $9 billion down payment for storm-related support to the national flood insurance program. there will be then a second vote on january 15th on the $51 billion remainder of the sandy disaster aid package that was approved last week in the senate. boehner's announcement coming after fellow republicans loudly criticized the cancellation of an earlier vote. >> this is 66 days...